AIVSX vs. SPY
Compare and contrast key facts about American Funds Investment Company of America Class A (AIVSX) and SPDR S&P 500 ETF (SPY).
AIVSX is managed by American Funds. It was launched on Jan 1, 1934. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIVSX or SPY.
Correlation
The correlation between AIVSX and SPY is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AIVSX vs. SPY - Performance Comparison
Key characteristics
AIVSX:
1.24
SPY:
2.21
AIVSX:
1.54
SPY:
2.93
AIVSX:
1.26
SPY:
1.41
AIVSX:
1.67
SPY:
3.26
AIVSX:
8.82
SPY:
14.40
AIVSX:
2.07%
SPY:
1.90%
AIVSX:
14.78%
SPY:
12.44%
AIVSX:
-50.56%
SPY:
-55.19%
AIVSX:
-9.24%
SPY:
-1.83%
Returns By Period
In the year-to-date period, AIVSX achieves a 17.45% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, AIVSX has underperformed SPY with an annualized return of 11.01%, while SPY has yielded a comparatively higher 13.04% annualized return.
AIVSX
17.45%
-6.09%
2.68%
17.94%
12.86%
11.01%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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AIVSX vs. SPY - Expense Ratio Comparison
AIVSX has a 0.57% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AIVSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Investment Company of America Class A (AIVSX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AIVSX vs. SPY - Dividend Comparison
AIVSX's dividend yield for the trailing twelve months is around 0.80%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIVSX American Funds Investment Company of America Class A | 0.80% | 1.44% | 1.50% | 1.20% | 1.40% | 1.93% | 2.17% | 1.68% | 1.89% | 3.06% | 11.66% | 9.04% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AIVSX vs. SPY - Drawdown Comparison
The maximum AIVSX drawdown since its inception was -50.56%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AIVSX and SPY. For additional features, visit the drawdowns tool.
Volatility
AIVSX vs. SPY - Volatility Comparison
American Funds Investment Company of America Class A (AIVSX) has a higher volatility of 9.29% compared to SPDR S&P 500 ETF (SPY) at 3.83%. This indicates that AIVSX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.